Биткоин взлетел до $116 400 на фоне правительственного шатдауна и нового бычьего ралли Translation: Bitcoin Soars to $116,400 Amid Government Shutdown and New Bull Rally

On September 30, the U.S. government suspended its operations for the first time since 2018. The original cryptocurrency experienced a price increase of 3.2%, surpassing the $116,000 mark.

The shutdown was triggered by a lack of agreement between Republicans and Democrats regarding healthcare funding.

As a result of the government suspension, approximately 750,000 federal employees were placed on unpaid leave, as reported by the Associated Press. Some state agencies have also shut down.

According to USA Today, President Donald Trump commented that the shutdown would bring «a lot of benefits.» He claimed it would help «get rid of» the Democratic Party’s policies.

The Economist noted that the current government suspension might have several implications.

The last shutdown of the U.S. government began on December 22, 2018, and lasted until January 25, 2019, totaling 35 days. This event marked the longest shutdown in over 40 years, as emphasized by CNN, coinciding with Trump’s presidential term.

The Congressional Budget Office estimated that the previous shutdown cost the U.S. approximately $3 billion in lost GDP. According to The Kobeissi Letter’s analysis, this new shutdown could cost the American budget around $400 million per day.

Previously, experts assessed the impact of the shutdown on the cryptocurrency market, predicting a short-term correction. However, digital assets have shown an upward trend.

In the past 24 hours, the capitalization of the digital asset sector grew by 3.2%, reaching $4.09 trillion. All top 10 cryptocurrencies by market capitalization exhibited a positive trend.

The day’s top gainers were Dogecoin, Solana, and Ethereum.

At the time of writing, Bitcoin was trading at about $116,400. According to Glassnode, Bitcoin’s dominance rose from 57% to 59%.

«This mean reversion indicates a healthier market structure, as Bitcoin-led rallies have historically been more resilient than altcoin-driven movements,» analysts noted.

Some community members pointed out that three of the last five U.S. government shutdowns resulted in a pump for Bitcoin. They believe this instance is no exception.

MN Capital founder Michael van de Poppe believes the current growth trend will continue. He mentioned that on October 1, Bitcoin tested a crucial support level at $112,000 before bouncing back up, calling this the beginning of another bullish rally.

«Bitcoin is showing strong performance, and in my opinion, we are in for a bullish month and quarter,» he stated.

Investor Ted Pillows noted that the next key resistance is around $117,500. If this level is surpassed, Bitcoin «could begin the move towards setting a new all-time high.»

The expert also pointed out that Bitcoin has formed two significant liquidity clusters.

Analyst Daan Crypto Trades emphasized that Bitcoin is nearing the upper bound of a bullish «flag» pattern and attempts to break through it.

«The $112,000 level is now a key short-term support. Ideally, the price should not fall back to this mark. The next initiative lies with the bulls: a confident breakout and several daily closes above the channel’s boundary would signal readiness to move towards new highs,» the expert stated.

As a reminder, analysts have forecasted an «Uptober» despite signs of fear.